SOLUTION: a man bought some property and later sold it for $50,850,making a profit of 13%.how much did the property cost him?

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Question 602798: a man bought some property and later sold it for $50,850,making a profit of 13%.how much did the property cost him?
Answer by nerdybill(7384) About Me  (Show Source):
You can put this solution on YOUR website!
a man bought some property and later sold it for $50,850,making a profit of 13%.how much did the property cost him?
.
Let x = original cost
then
x + .13x = 50850
x(1 + .13) = 50850
x(1.13) = 50850
x = 50850/1.13
x = $45,000